Orbis Advises Stuart Turner on Their Fifth Strategic Acquisition During Seven-Year Relationship

Birmingham-based Orbis Partners have finalised the acquisition of GAH Heating Limited’s Coldstream, Dualstream, Boosterstream and Electrastream product trading assets by Stuart Turner Ltd. Orbis advised the shareholders of Stuart Turner with a team led by Chris Gregory supported by Malcolm Cook and Peter Bull.

Established in 1906, Stuart Turner has grown to a reported annual turnover of £24m and offers an extensive range of pumping products and water solutions. The product range caters for almost every application, from residential home boosting pumps, lifting stations and macerator pumps to a wide range of pumps for various commercial applications.

The acquisition is a strategic move which solidifies Stuart Turner as market leader in the UK for ‘total water solutions’, providing low mains water pressure and flow boosting solutions.

The product range acquired is complementary to Stuart Turner’s Mainsboost brand, which stabilises water pressure and increases water flow into multiple outlets simultaneously. Coldstream, Dualstream and Boosterstream products will be consolidated within the Mainsboost brand. Meanwhile the patented Electrastream brand offers a cost-effective solution for hot and cold water supply and central heating, using water filled radiators or blended underfloor heating, a solution made for apartments and properties that only have an electricity supply.

Orbis has worked in partnership with Stuart Turner over the last seven years, offering buy-side deal advice on four strategic acquisitions, Techflow Products, Walden & Son, Allan Aqua Systems, and Trentclyde Water Solutions as well as advising the shareholders on the sale of Stuart Turner to LDC in 2017.

The acquisition of the GAH product range provides Stuart Turner with a broader offering to the market through its existing channels. We assisted Stuart Turner in identifying and securing the transaction including undertaking financial due diligence and we continue to explore further acquisition opportunities with them.

Chris Gregory, Partner

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